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EBSA Announces Online 5500 Walk-Through
Plan sponsors will get a walk-through of the 2009 Form 5500 reports and a new electronic filing Web site from a scheduled February 19 Webinar from the Department of Labor's Employee Benefits Security Administration (EBSA).
Reported by Fred Schneyer
According to an EBSA news release, the Webcast will cover:
- the new simplified annual reporting form for small plans with easy to value investments
- expanded reporting by large plans of compensation received by plan service providers
- realignment of the reporting rules for 403(b) plans subject to Title I of the Employee Retirement Income Security Act (ERISA) to make them on par with 401(k) plans
- annual reporting changes required by the Pension Protection Act or defined benefit pension plans and multiemployer plans.
The modernized version of the ERISA Filing Acceptance System—known as EFAST2—will receive only electronic filing submissions, provide quick responses in the event there are errors in a filing and publicly disclose filed Form 5500 reports through the EFAST Web site.
The Webcast will take place from noon to 2 p.m. EST, the agency said. More information will be available at www.dol.gov/ebsa or by contacting Patricia Humphlett at 202.693.8660.